CANSLIM: What stocks since 1988 illustrate specific CANSLIM flagged success stories?

Discussion in 'Trading' started by easymon1, Nov 29, 2022.

  1. easymon1

    easymon1

    What are some of history's CANSLIM Calls?
    AAPL?, Google?, Tesla? On what dates did CANSLIM flag these stocks?

    What would be ideal is a table of CANSLIM flagged stocks listed by the date(s) they checked-off all the boxes.

    The seven parts of the acronym are as follows:https://en.wikipedia.org/wiki/CAN_SLIM

    C stands for Current quarterly earnings. Per share, current earnings should be up at least 25% in the most recent financial quarter, compared to the same quarter the previous year. Additionally, if earnings are accelerating in recent quarters, this is a positive prognostic sign.

    A stands for Annual earnings growth, which should be up 25% or more over the last three years. Annual returns on equity should be 17% or more

    N stands for New product or service, which refers to the idea that a company should have continuing development and innovation. This is what allows the stock to emerge from a proper chart pattern and achieve a new price. A notable example of this is Apple's iPhone.

    S stands for Supply and demand. A gauge of a stock's demand can be seen in the trading volume of the stock, particularly during price increases.

    L stands for Leader or laggard? O'Neil suggests buying "the leading stock in a leading industry." This somewhat qualitative measurement can be more objectively measured by the Relative Price Strength Rating of the stock, designed to measure the price performance of a stock over the past 12 months in comparison to the rest of the market based on the S&P 500 (or the S&P/TSX Composite Index for Canadian stock listings) over a set period of time.

    I stands for Institutional sponsorship, which refers to the ownership of the stock by mutual funds, banks and other large institutions, particularly in recent quarters. A quantitative measure here is the Accumulation/Distribution Rating, which is a gauge of institutional activity in a particular stock.

    M stands for Market Direction, which is categorized into three - Market in Confirmed Uptrend, Market Uptrend Under Pressure, and Market in Correction. The S&P 500 and NASDAQ are studied to determine the market direction. During the time of investment, O'Neil prefers investing during times of definite uptrends of these indexes, as three out of four stocks tend to follow the general market direction.
     
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  2. Sekiyo

    Sekiyo

    taowave and murray t turtle like this.
  3. easymon1

    easymon1

  4. There is a CEF/ETF out there someone pointed me to one time, it has done horrible compared to SPY/Dow/Naz. But someone else said it does not really follow CANSLIM model or whatever. I haven't read that book for 32+ years, but I remember some of those things were a good bit subjective, which would make sense hard to say exactly what stocks qualified and what stocks did not.
     
  5. easymon1

    easymon1

    reddit.com/r/investing/comments/p3p8eq/canslimminervini_methods_thoughtsexperiences/
     
  6. %%
    HIS books have plenty of them, some well known brands, some not so well known.
    Not a stock tip, but MSFT showed up plenty of times, many years.
    [Actually, his accumulate -dis grade of A,B, C, D;
    i never could make [practical, proved]sense of so i dont value that one measure]
    Back to his well noted\ 200 day moving average.:caution::caution:
    Most of his stuff is not subjective; 200 dma works well , but its part of a 500 +/page system.